Category: Market News

In the Town of Drumheller the average sale price rose 2.9% for the first 9 months of 2011. The average sale price was $242,060 and there were 114 sales recorded. Currently Drumheller has 73 single family dwellings actively listed on the MLS system. An average of 13 properties sell per month indicating a 5.5 month supply of houses on the market. Rural Drumheller sales averaged $138,357 with 21 sales. Hanna and area had 30 sales averaging $148,996.

(Source: Realtor Association of South Central Alberta)

For the first six months of 2011 the Drumheller resale market had an average sale price of $275,549. Houses had an average time on market of 126 days. There is an average of 12 houses sold per month and currently 65 single family detached dwellings listed. This indicates about a 5 month supply of homes. Rural Drumheller sales averaged $148,391, Hanna and district had 23 sales and an average sale price of $148,391. The town of Vulcan had 3 sales with an average of $199,500.
(Source: Realtors Association of South Central Alberta)

The Town of Drumheller shows an average sale price increase of 8.3% for the first three months of 2011 in comparison to the first three months of 2010. Please note that this increase is in average price only and can not necessary be applied to every property. Different properties reduce or increase in value at different rates. There were 24 houses sold in the first quarter of 2010 and 33 in 2011. At the time of reporting, Drumheller had approximitely 65 houses listed on the MLS. Rural Drunheller has had 8 sales with an average price of $152,575. Hanna and area reported 8 house sales with an average price of $175,062.

In 2010 there were 104 residential property sales in Drumheller. (This does not include any private sales) . This is down from 2009 where there were 131 homes sold. The average days-on-market was 90 days.

The Town of Drumheller had the average price of homes increase by 5.2% in the 2010 year. Houses had an average sale price of $239,444, up from 227,553 in 2009. Please note that this 5.2% increase is in average price only and can not necessary indicate an increase in value of homes. Different properties reduce or increase in value at different rates.

Rural Drumheller sales averaged $189,724 with 33 sales. Hanna and district reported 19 home sales, averaging $121,222.